$STRK Anticipates Positive Turnaround Following Accumulation, Fueled by BTCFi and Layer-2 Interest

Market Movement: $STRK has broken a multi-year trendline with increasing volume, indicating a potential bullish reversal after a prolonged accumulation phase, with price projections suggesting a possible rise to $0.62–$0.65.

Layer-2 Ecosystem Growth: Layer-2 networks like Starknet and Arbitrum are seeing increased capital inflows and trader engagement, driven by their scalability and DeFi functionalities, as liquidity rotates towards these efficient ecosystems.

BTCFi Program Launch: Starknet has introduced a $100M BTCFi program to attract Bitcoin liquidity, contributing to a 30.8% increase in $STRK's value within 24 hours, while 11% of the total supply is already staked.

Technical Indicators: The current trading conditions show $STRK above its 30-day SMA and Fibonacci retracement levels, with the RSI indicating potential for further upward movement as long as demand from the BTCFi initiative persists.